back-bondn.
/ˈbakˈbɒnd/ Scots Law.
A document by which a party receiving or holding a title, ex facie absolute, acknowledges that he really holds in trust for a specified purpose, and binds himself to convey or account to the true owner after that purpose is served. The true owner is usually the granter of the absolute deed, hence the term back-bond is applied to the explanatory document executed by the grantee.
ΘΚΠ
society > law > transfer of property > settlement of property > [noun] > putting property into trust > document acknowledging trust
back-bonda1645
a1645 Acts Chas. I (1814) V. 283 (Jam.) The dispositioune..was cancellate:—and the provest producit the bakband, qlk was also cancelled.
1645 S. Rutherford Tryal & Triumph of Faith xix. 194 He who is ransomed by Christ..is under a back-bond, or a re-obligation of love, service, and obedience.
1867 A. M. Bell Conveyanc. 1079 A heritable security..may also be constituted in the form of an absolute disposition qualified by a backbond.
This entry has not yet been fully updated (first published 1885; most recently modified version published online March 2019).
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n.a1645